Mr.
Adriaan Bakker
reports
VANADIUMCORP RECEIVES TECHNICAL REPORT
Vanadiumcorp Resource Inc. has obtained a technical report titled "Geological Report for
the Lac Dore Vanadium Deposits, Quebec, Canada," dated Oct. 11, 2018, prepared by B.
Terrence Hennessey, PGeo, of Micon International Ltd.
The purpose of the new technical report is to provide the company with a current technical
report and to address the continuing default with the British Columbia Securities Commission (BCSC).
As a result of a technical disclosure review by the BCSC, the company announced by news
releases dated Jan. 30, 2018, and April 3, 2018, that previously disclosed economic
analysis and mineral resources in respect of the Lac Dore property should not be relied on.
The company hereby confirms that, as a result of issues identified with the data verification
process, including limited access to historical drill core and accuracy of drill collar locations,
it is retracting prior mineral resource estimates and economic analyses. The new technical
report recommends that the company conduct additional data verification work before such
data can be used to prepare a mineral resource estimate.
A copy of the new technical report will be available on SEDAR and on the company's
website.
Vanadiumcorp Resource has developed a new technology to produce reusable
vanadium electrolyte directly and sustainably from virtually any source for perpetual use in
vanadium batteries. Vanadiumcorp also holds a strategic vanadium-titanium-iron-bearing resource base in
mining-friendly Quebec, Canada.
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